Indian businessmen have used IT to create new business models that enable them to provide services in a more cost- effective way.
Innovation in India is as much due to entrepreneurialism as it is to IT skills, says Arun Maria, chairman of Boston Consulting Group in India.
He suggests the country's computer services industry can simply outsource research to foreign universities if the capability is not available locally.
“This way, I will have access to the best scientists in the world without having to produce them myself,” said Mr. Maria.
This is not something that necessarily requires expensive technical research.
